GMAT Graduate Management Admission Test

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GMAT Graduate Management Admission Test

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The Graduate Management Admission Test (GMAT ( (JEE-mat))) is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as a Master of Business Administration (MBA) program. Answering the test questions requires knowledge of English grammatical rules, reading comprehension, and mathematical skills such as arithmetic, algebra, and geometry. The Graduate Management Admission Council (GMAC) owns and operates the test, and states that the GMAT assesses analytical writing and problem-solving abilities while also addressing data sufficiency, logic, and critical reasoning skills that it believes to be vital to real-world business and management success. It can be taken up to five times a year but no more than eight times total. Attempts must be at least 16 days apart.GMAT is a registered trademark of the Graduate Management Admission Council. More than 7,000 programs at approximately 2,300+ graduate business schools around the world accept the GMAT as part of the selection criteria for their programs. Business schools use the test as a criterion for admission into a wide range of graduate management programs, including MBA, Master of Accountancy, Master of Finance programs and others. The GMAT is administered online and in standardized test centers in 114 countries around the world. According to a survey conducted by Kaplan Test Prep, the GMAT is still the number one choice for MBA aspirants. According to GMAC, it has continually performed validity studies to statistically verify that the exam predicts success in business school programs. The number of test-takers of GMAT plummeted from 2012 to 2021 as more students opted for an MBA program that didn't require the GMAT.

Article Title : Graduate Management Admission Test
Article Snippet :The Graduate Management Admission Test (GMAT (/ˈdʒiːmæt/ (JEE-mat))) is a computer adaptive test (CAT) intended to assess certain analytical, writing,
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Article Snippet :institutions and prospective graduate management education students. The organization owns the Graduate Management Admission Test (GMAT), a standardized assessment
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The Graduate Management Admission Test (GMAT (/ˈdʒiːmæt/ (JEE-mat))) is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. The GMAT does not measure business knowledge or skill, nor does it measure intelligence. According to the test owning company, the Graduate Management Admission Council (GMAC), the GMAT assesses analytical writing and problem-solving abilities, while also addressing data sufficiency, logic, and critical reasoning skills that it believes to be vital to real-world business and management success. GMAT is a registered trademark of the Graduate Management Admission Council. More than 5,900 programs offered by more than 2,100 universities and institutions use the GMAT exam as part of the selection criteria for their programs. Business schools use the test as a criterion for admission into a wide range of graduate management programs, including MBA, Master of Accountancy, and Master of Finance programs. The GMAT exam is administered in standardized test centers in 112 countries around the world. On June 5, 2012, GMAC introduced an integrated reasoning section to the exam that is designed to measure a test taker’s ability to evaluate data presented in new formats and multiple sources. According to GMAC, it has continually performed validity studies to statistically verify that the exam predicts success in business school programs. According to a survey conducted by Kaplan Test Prep, the GMAT is still the number one choice for MBA aspirants despite the increasing acceptability of GRE scores.


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UCLA Anderson School of Management

The UCLA Anderson School of Management is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The school offers MBA (full-time, part-time, executive), PGPX, Financial Engineering and Ph.D. degrees. The school is consistently ranked among the top tier business school programs in the country, based on rankings published by US News & World Report, Businessweek and other leading publications. The range of programs offered by Anderson includes: Accounting minor for undergraduates Full Time MBA program Ph.D. Fully Employed MBA Executive MBA Master of Financial Engineering Master of Science in Business Analytics Global EMBA for Asia Pacific Global EMBA for the Americas Post Graduate Program in Management for Executives (UCLA PGPX) Post Graduate Program in Management for Professionals (UCLA PGP PRO)

Some history

The School of Management at UCLA was founded in 1935, and the MBA degree was authorized by the UC Regents four years later. In its early years the school was primarily an undergraduate institution, although this began to change in the 1950s after the appointment of Neil H. Jacoby as dean; the last undergraduate degree was awarded in 1969. UCLA is rare among public universities in the U.S. for not offering undergraduate business administration degrees. Undergraduate degrees in business economics are offered. In 1950, the school was renamed the School of Business Administration. Five years later it became the Graduate School of Business Administration; in the 1970s the school's name was changed again to the Graduate School of Management. In 1987, John E. Anderson (1917-2011), class of 1940, donated $15 million to the school and prompted the construction of a new complex at the north end of UCLA's campus. He later donated additional $25 million. The 6-building, 285,000-square-foot (26,500 m2) facility, was designed by Henry N. Cobb of the architectural firm Pei Cobb Freed & Partners and Executive Architects Leidenfrost/Horowitz & Associates. It cost $75 million to construct and opened officially in 1995. On May 13, 2015, Marion Anderson, widow of the late John Anderson, announced a $100 million donation (4th single-largest donation to a business school in the United States) to the school for fellowships and research, along with $40 million earmarked for initiating development of what is now known as the Marion Anderson Hall. Recently, the school has been mostly self-funded, with only $6 million of government funding out of its $96 million budget in 2010-11. In fall 2010, the school proposed "financial self-sufficiency": Giving up all state funding, in return for freedom from some state rules and freedom to raise tuition.[6] Critics called this proposal "privatization", but the school rejected this description, with former Dean Judy Olian saying, "This is not privatization.... We will continue to be part of UCLA and part of the state." The proposal met objections in the UCLA Academic Senate (faculty members from all UCLA departments), and is still pending. Update: This decision was approved by the University of California President Mark Yudof in June 2013. In July 2018, Judy D. Olian, who served as dean of UCLA's Anderson School of Management, became Quinnipiac's first female president when she took over for John Lahey, who retired in June 2018. Alfred Osborne, associate senior dean of external affairs and a professor at the UCLA Anderson School of Management, began serving as the school's interim dean on July 1, 2018. Antonio Bernardo, a member of the finance faculty since 1994, was appointed UCLA Anderson's ninth dean, effective July 1, 2019.

The campus

The school is located on north part of the UCLA campus. The four main buildings, Mullin, Cornell, Entrepreneurs, and Gold, form an inner circle at the corner of Sunset Boulevard and Westwood Plaza, which is the extension of Westwood Boulevard. Connected to the Gold building is the Collins building, which is named for alumnus James A. Collins, who is the chairman emeritus of Sizzler International, Inc. and who funded the John R. Wooden statue in front of Pauley Pavilion.
On October 19, 2017, the new Marion Anderson Hall addition broke ground. The 64,000 square-foot campus addition is estimated to cost $80 million and is one hundred percent donor-funded. Marion Anderson Hall is designed by the same architectural firm that designed the original Anderson complex: Pei Cobb Freed & Partners. Scheduled to open at the end of 2019, the new building features four floors, interactive work spaces, LEED Gold certification, and will serve as the prominent entrance to the Anderson complex.

MBA programs

As of 2011, UCLA Anderson enrolls 70 executive MBA, 90 global MBA, 280 fully employed MBA, and 360 full-time MBA students every year. UCLA Anderson's teaching model combines case study, experiential learning, lecture and team projects. UCLA Anderson's curriculum consists of ten core classes (required courses which cover a broad range of business fundamentals) and twelve (minimum) elective courses. Students are assigned to cohorts, called sections, of 65 students throughout the core curriculum. The cohort system is almost entirely student run, with each cohort electing 17 different leadership positions ranging from President to Ethics chair. In addition, there is the student-led Anderson Student Association (ASA) which deals with all issues of student life including company recruiting, social clubs and academic issues. Students may choose (but are not required) to focus in one or more of the following areas: Accounting Decisions, Operations, and Technology Management Communications, Media, and Entertainment Management Entrepreneurial Studies Finance Global Economics and Management Human Resources and Organizational Behavior Information Systems Marketing Policy Real Estate Anderson also offers an Applied Management Research Program (AMR), consisting of a two-quarter team-based strategic consulting field study project required during the second year of study in lieu of the comprehensive exam for the master's degree. Students complete strategic projects for companies partnering with the school, ultimately presenting recommendations to senior management. The program has been around since the late 1960s and is presently led by Professor Gonzalo Freixes, its Faculty Director. In 2004, two alternatives to the field study were introduced: a Business Creation Option, and a research study option.

Executive education

Since 1954, UCLA Anderson has been providing executive education to both organizations and individuals. According to the school the learning is not confined to just campus. The faculty goes out to train leaders across the globe.
The School also offers a PGPX programme for executives. According to Judy Olian, Dean, UCLA Anderson School of Management, the PGPX program has general management curriculum. UCLA PGPX is a comprehensive programme of one year primarily conducted by senior faculty members from the UCLA Anderson School of Management as well as industry experts. Besides this UCLA Anderson School of Management also offers executive programs on corporate governance, creativity & innovation, women leadership and media.


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3D Business School rankings

RankBusiness School3D Score
#1Harvard Business School98.3
#2Wharton Business School97.5
#3Yale School of Management96.5
#4Columbia School of Management95.6
#5Skema Business School94.8
#6Sloan School of Management94.1
#7London Business School93.1
#8Stanford School of Business92.4
#9Kellogg School of Management91.1
#10Haas School of Business90.2

3D MBA programs tuition costs and fees

RankSchoolTotal MBA cost2-years tuition
#1Columbia$168,307$106,416
#2Wharton$168,000$108,018
#3Stanford$166,812$106,236
#4Chicago Booth$165,190$101,800
#5Dartmouth Tuck$162,750$101,400
#6MIT Sloan$160,378$100,706
#7Harvard Business School$158,800$100,706
#8Stern$157,622$94,572
#9Yale School of Management$151,982$99,800